The point of having and then using the fleet fuel cards is to reduce the expenses of the company.
However, which one is more beneficial, the fuel card or the credit card?
To continue with, it is said that the fleet fuel cards offer much more benefits than the credit cards. Notably, the benefits of fleet fuel cards are the following:
- Available discount fuel prices
- Better security and prevention of fuel theft
- No need for receipts
- Used VAT separation for simple invoicing
- HMRC approved bills
- Card management tools
- Ability for monitoring the filling patterns
- Fleet efficiency and MPG reporting
- Reduced administration costs
- Possibility of points or rewards scheme
On the contrary, here are the opportunities you have while using the credit cards:
- Discounts on fuel prices are not available
- The fuel theft is hard to identify
- APR rates vary and offers may change after certain periods
- Need to keep the receipts
- The VAT invoicing is a longer process
- Employees can purchase anything
- Some cards offer rewards scheme
Knowing this, which card do you think is more beneficial for your trucking company?
